Depreciation expense of $$28,000$ is included in the operating expenses. Prepare the operating activities section of the

statement of cash flows, using the direct method. fShow amounts that decrease cosh fore with either $9-$ sign

ez$-15,000$ or in parenthesis es$,[15,000)]$

INDIGOMANUFACTURING

Partial Statement of Cash Flows

$5$

$5$

eTextbook and Media Indigo Manufacturing has provided the following comparative financial statements:

$\backslash$table$[[\backslash$table$[[$Indigo Manufacturing$],[$Statement of Financial Position$],[$As at December $31]]],[$Assets$,2023\_,2022\_],[$Cash$,$$$630,000,$$$573,000],[$Accounts receivable,$71,000,85,000],[$Inventory$,105,000,78,000],[$Prepaid operating expenses,$10,000,11,000],[$Long term investments,$156,000,100,000],[$Equipment$,618,000,525,000],[$Less: Accumulated depreciation,$(72,000),(63,000)],[$$$1,518,000,$$$1,309,000],[$Liabilities and Shareholders' Equity$],[$Accounts payable,$$64,000,$$$31,000],[$Income tax payable,$18,000,27,000],[$Bonds payable,$175,000,267,000],[$Common shares,$740,000,599,000],[$Retained earnings,$521,000,385,000],[$$$1,518,000,$$$1,309,000]]$

$\backslash$table$[[\backslash$table$[[$Indigo Manufacturing$],[$Income Statement$],[$For the year ended December $31,2023]]],[$Sales revenue,$$1,311,200],[$Cost of goods sold,$813,000],[$Gross profit,$498,200],[$Operating expenses,$269,000],[$Income from operations,$229,200],[$Interest expense,$10,300],[$Lo$5$s on disposal of equipment,$(6,000)],[$Income before income tax,$212,900],[$Income tax expense,$14,900],[$Net income,$$198,000]]$

Depreciation expense of $$28,000$ is included in the operating expenses. Prepare the operating activities section of the statement of cash flows, using the direct method. $($Shou amounts that decrease cash flow with either a $-$ sign eg$-15,000$ or in parenthesis eg $[15,000)]$